It's an investment property. 

@Robin Cornacchio correct, there is no such thing as capital gain taxes for an IRA. 

I think this is most valuable because there is a lot of discussion surrounding owning investment property in an LLC or not, and this insurance topic rarely comes up in the discussion.

And you said it’s an ARM?  

I currently have 3 properties under an LLC and I'm in the process of finalizing a mid term rental but it will not be under the LLC(separate bank account).

I recommend that you work with an accountant that has experience with real estate taxation and partnership tax returns. 

Quote from @Bruce Yi: I have an applicant with an eviction from 2019.

Are you looking to rent the property as an STR because you are losing money as a long-term rental?

That's an interesting, but unfortunate & expected sign.  

The properties on an overall basis have tax losses.